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31111 the euro -- rank: 1000

Seth Ackerman wrote: >Alan Greenspan said: >>> But market pressures toward >> >portfolio diversification are clearly also going to play a major >> >role in the future relative positions of the dollar and the euro. >> >The world can only benefit from the competition. > >Why do I get the feeling he doesn't really think so? Hey, if you want to be conspiratorial about it, AG welcomes some competition so that it will force an austerity program on the U ...

Document Size:	4920
Author:	Doug Henwood
Date:	Fri Nov 30 11:59:39 PST 2001

31112 Markets Antiwar? -- rank: 1000

Carrol Cox wrote: >Yes and No. The capitalists certainly seemed unhappy during the >inflation; but Paul Samuelson in a Newsweek column suggested that the >inflation was a positive because it represented a semi-invisible cut in >wages of a level which if direct would have caused "blood in the >streets." And from a left political perspective, the oomph went out with >(a) the failure of various "fight-back" programs by left groups during >the 74-75 recession ...

Document Size:	5673
Author:	Doug Henwood
Date:	Fri Nov 30 11:58:33 PST 2001

31113 the euro -- rank: 1000

Dennis Redmond, right up your alley: At 2:00 PM -0500 11/30/01, FRBoard-WebAnnouncements at FRB.GOV wrote: >Speech by Chairman Alan Greenspan > The euro as an international currency >http://www.federalreserve.gov/boarddocs/speeches/2001/200111302/ >We are left with the question of how the international role of the >euro will unfold. The attraction of investing in dollar-denominated >assets depends upon relative rates of return. To the extent that the >capital flows we h ...

Document Size:	5476
Author:	Doug Henwood
Date:	Fri Nov 30 11:28:40 PST 2001

31114 Markets Antiwar? -- rank: 1000

Nathan Newman wrote: >Vietnam coincided for most of its period with a great economic boom; >the stock market and workers wages arguably collapsed starting with >our withdrawal around 1973. You're not thinking like a Wall Streeter, Nathan. Vietnam was an economic disaster because it unleashed inflation. That inflation turned Treasury bonds into "certificates of confiscation," as people used to say. If you take a broad political view of inflation, then the loss in Vietnam meant ...

Document Size:	5050
Author:	Doug Henwood
Date:	Fri Nov 30 11:15:52 PST 2001

31115 Markets Antiwar? -- rank: 1000

Dennis wrote: >This from Raimondo's latest: > >"The leftist dogma that it doesn't matter which wing of the 'ruling >class,' the capitalists, wins out in the end is refuted by this >reality. Capitalism, per se, doesn't breed war: indeed, >laissez-faire requires quite the opposite. And don't think the >ordinary capitalist profits from war: this privilege is reserved for >those with the right government connections. > >"The very real economic harm done by war ...

Document Size:	6850
Author:	Doug Henwood
Date:	Fri Nov 30 11:07:43 PST 2001

31116 Iraq -- rank: 1000

<http://www.gallup.com/poll/indicators/indiraq2.asp> Would you favor or oppose sending American troops back to the Persian Gulf in order to remove Saddam Hussein from power in Iraq? Favor Oppose No opinion 2001 Nov 26-27 74% 20 6 2001 Feb 19-21 52% 42 6 1993 Jun 29-30 70% 27 3 1992 Mar 30-Apr 5 55% 40 5

Document Size:	4681
Author:	Doug Henwood
Date:	Fri Nov 30 10:59:47 PST 2001

31117 Again, Hitch -- rank: 1000

Dennis wrote: >Is it really a surprise that the US military was able to knock off >the Taliban? (When Hitch wrote his "Ha Ha" column, I emailed him the >comments made by Chomsky in late September, in which the old boy >pretty much nailed what would happen. I said to Hitch, "Surely >you're not including Noam among the 'pacifists' you're mocking, >given his statements." Never heard back, so I suppose I'm off his >radar as well.) And will it come as a comple ...

Document Size:	5759
Author:	Doug Henwood
Date:	Fri Nov 30 10:50:49 PST 2001

31118 why we love economists -- rank: 1000

Journal Of Development Economics Vol. 67 (1) pp. 101-127 Volume 67, Issue 1, 01-February-2002 Copyright (c) 2002 Elsevier Science B.V. All rights reserved. Garance Genicot, Department of Economics, University of California at Irvine, 3151 SSP, , Irvine, CA 92697, USA Abstract Among the oldest and most pervasive economic institutions are bonded labor and serfdom. While seemingly exploitative, both bonded labor and serfdom are often not imposed on the laborers but voluntarily chosen. It is general ...

Document Size:	5484
Author:	Doug Henwood
Date:	Fri Nov 30 10:37:52 PST 2001

31119 Auburn follow-up -- rank: 1000

Chronicle of Higher Education - November 30, 2001 Judge Orders Auburn U. to Reinstate 10 Students Suspended After Blackface Incident By THOMAS BARTLETT An Alabama judge ordered Auburn University last week to reinstate 10 students who had been suspended by the institution after photographs of them wearing blackface at a fraternity Halloween party were posted on the Internet. Former members of the now-disbanded Auburn chapter of Beta Theta Pi fraternity have sued the university in state court, see ...

Document Size:	6704
Author:	Doug Henwood
Date:	Fri Nov 30 10:20:51 PST 2001

31120 On Selective Pacifism & other Oddities -- rank: 1000

Joe R. Golowka wrote: >Plus, I am doubtfull of the Al-Qaeda conspiracy theory the FBI & media have >woven for us. There are many holes in it. For example, if you check the >list of passangers on the flights and the names of the alleged hijackers >they aren't on the passanger lists. I don't know who is responsible, but >there's as much evidence to support the idea that the CIA did it as the >Al-Quaeda conspiracy theory. And destroying the CIA's New York office is the perf ...

Document Size:	5147
Author:	Doug Henwood
Date:	Fri Nov 30 09:15:27 PST 2001

31121 What is to be done about Everything? -- rank: 1000

Carrol Cox wrote: >I don't know what the government should do, and I do >not give a fuck. Ok, you've consigned yourself to political irrelevance. Until the revo, there's nothing to be done. Does anyone listen to you, or is inattention proof to you of your pure distilled militancy? Doug

Document Size:	4830
Author:	Doug Henwood
Date:	Thu Nov 29 15:48:54 PST 2001

31122 Terrorism and Globalization -- rank: 1000

Charles Brown wrote: >It is not so much hard thinking as facing a truth that hurts: Uncle >Sam is a thug. Most people don't want to face that truth. Yes Uncle Sam is a thug. You know that, I know that, most everybody here knows that. Most of the U.S. population doesn't, and would regard *you* as a thug if you said that. The U.S. working class is solidly behind Bush's war. If you're a Marxist, and I assume you still are, what do you do about that? Do you take the Third Worldist line that th ...

Document Size:	5435
Author:	Doug Henwood
Date:	Thu Nov 29 15:37:05 PST 2001

31123 Enron? -- rank: 1000

Carl Remick wrote: >So what is Enron, LBOers -- a fluke or sign of systemic ills? Well both, of course. Alexander Cockburn used to quote some definition of an accident as the normal raised to a higher level, or something like that. But the biz press is doing a good job of covering Enron's demise - I don't know what we could add to it except color commentary. Doug

Document Size:	4606
Author:	Doug Henwood
Date:	Thu Nov 29 15:29:39 PST 2001

31124 Hit List on WWP -- rank: 1000

Thomas Seay wrote: >I dont appreciate or agree with much of the >analysis...however I thought it did a pretty good job >of proving the obvious, that IAC is a WWP >frontgroup..and bringing up certain facts (such as how >at one moment the WWP denounces Hussein and in another >supports him), as well as the Hungary issue, the >support of Kim Il Sung and all the other butchers the >WWP supports. Yeah, the facts Coogan mobilizes are pretty amazing - the shift on Hussein (and wh ...

Document Size:	6288
Author:	Doug Henwood
Date:	Thu Nov 29 12:41:46 PST 2001

31125 return to normalcy -- rank: 1000

[CGC is the headhunting firm that puts out the monthly layoff counts.] DATE November 29, 2001 FOR Challenger, Gray & Christmas, Inc. For Release Upon Receipt 'Is It O.K. To Go Out?' TIME HEALS, WORKERS REVERT Anecdotally, workers appear to be returning to the workday routine that existed before September 11. Challenger, Gray & Christmas, Inc., an international outplacement firm, listed examples: * Less brown bagging * Workers not rushing home at 5:00 * Sports, sitcoms, holiday plans ...

Document Size:	5117
Author:	Doug Henwood
Date:	Thu Nov 29 12:33:15 PST 2001